The Competition Act 1998 (Provisional Immunity from Penalties) Regulations 1999

• Citation: S.I. 1999/2281
• Sections: 2

Section 1 Citation

These Regulations may be cited as the Competition Act 1998 (Provisional Immunity from Penalties) Regulations 1999 and shall come into force on 1st March 2000.

Section 2 Provisional immunity from penalties

For the purposes of section 41 of the Competition Act 1998 the expression “provisional immunity from penalties” means immunity from fines for breach of the prohibition contained in Article 81(1) of the Treaty by reason of:

(i) Article 15(5)(a) of Council Regulation ( EEC ) No. 17/62 the First Regulation implementing Articles 85 and 86 of the Treaty ;

(ii) Article 19(4) of Council Regulation (EEC) No. 4056/86 laying down detailed rules for the application of Articles 85 and 86 of the Treaty to maritime transport ; and

(iii) Article 12(5) of Council Regulation (EEC) No. 3975/87 laying down the procedure for the application of the rules on competition to undertakings in the air transport sector .